Federal Budget Deficit to Top $1 Trillion in 2020

HeadlineAug 22, 2019

The Congressional Budget Office warned Wednesday the federal budget deficit is growing faster than predicted and is on course to reach $1 trillion for the first time since the Great Recession. This comes less than two years after Trump signed a $1.5 trillion Republican tax cut that overwhelmingly favors the wealthiest Americans, and as the Pentagon is set to receive a staggering $738 billion for the coming fiscal year.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Up arrowTop